Do I need 50,000 or 200,000 British Pounds to apply for a Tier 1 (Entrepreneur) visa for the UK?

By 1st 4Immigration - #1 UK Immigration Experts -
This is one of the most commonly asked questions when it comes to a UK Tier 1 (Entrepreneur) visa. There seems to be confusion over how much one needs. If you could apply with GBP 50,000 why would you be worried about 200,000? Here is our clarification.

The main amount is £200,000 (200 000 British Pounds), which can be your own money (visa applicant’s own money), can be given to you by your family or unrelated sponsor, or can be loaned to you or your business by a bank.

In some limited cases it is possible to apply with “only” £50,000 but only if the funds are from the following sources (the list is exhaustive):

·         UK-based Venture Capital firm.

·         Government Department.

·         UK Seed Funding Competitions.

·         You are switching from a Tier 1 (Graduate Entrepreneur) visa with any source of funding.

If you have a Tier 4 Student visa you would normally have to apply for an Entrepreneur visa outside the UK, even if your Tier 4 visa is still valid. The only exception, when you can switch in-country, is if you have £50,000 from a Government Department or UK Seed Funding Competitions (but not from a venture capital fund, though you can still apply with £50k from them outside the UK). 

For an individual advice or to make your application as successful please contact us: info@1st4immigration.com  or visit http://www.1st4immigration.com/tier-1-entrepeneur-visa.php

To read about our business plan writing service – by the immigration entrepreneurs – please visit http://www.1st4immigration.com/business-plan-writing.php

 
To read about our compliance service for the Entrepreneur and Investor visa holders, where for an annual fee we guide on what has to be done before the extension is due, please visit http://www.1st4immigration.com/compliance-services-for-entrepreneurs-investors.php

If you are an Immigration Adviser or a Solicitor please visit our immigration Training and CPD website: www.1st4immigration.com/training . We provide online and classroom training which awards CPD hours and accepted by the OISC towards your annual CPD credit. 

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